Despite being a financial powerhouse, Blackstone has faced challenges in its initial foray into growth capital, experiencing less-than-ideal performance. And Andre Iguodala has been on CNBC talking about his success as a venture investor, and he has now started a VC fund.
Is Blackstone, one of the smartest names in finance, struggling in VC and Iguodala, a famous name in basketball without the financial record of Blackstone, doing well in VC?
Is Blackstone Struggling? 95% of VC profits. Few VCs do well because:
· VCs need home runs and there are few home runs – about 1/ 100,000 ventures.
· VCs need